A new independent non-profit organization, Ethereum Institutional, has been launched within the Ethereum ecosystem to promote the network among banks, asset managers, and other financial institutions.

1/ Announcing Ethereum Institutional
An independent non-profit dedicated to accelerating the institutional adoption of Ethereum, its L2s, applications and overall ecosystem. pic.twitter.com/XUeViH6rrq

— Ethereum Institutional (@ethereuminsti) July 1, 2026

The organization will focus on Ethereum, L2 networks, and projects within the ecosystem. Ethereum Institutional aims to serve as an independent entry point for institutions evaluating the second-largest cryptocurrency for tokenization, stablecoins, and other on-chain infrastructure.

The operational team includes David Walsh, Marius Smith, and Matthew Dawson, while the board features Tom Lee, Joseph Chalom, and Walsh.

Anchor sponsors for Ethereum Institutional include BitMine Immersion Technologies, Sharplink, Inc., and ConsenSys CEO Joseph Lubin. Funding amounts have not been disclosed.

“The largest financial institutions in the world are deciding where tokenization, stablecoins, and on-chain markets will develop. We are ready to make Ethereum the foundational layer for institutional finance,” the organization stated.

Ethereum Institutional will focus on five key areas:

  • engagement with TradFi;
  • institutional analytics;
  • promotion of Ethereum and ETH;
  • market needs assessment;
  • organization of industry events.

In June, the Ethereum Foundation announced a major reorganization and introduced an updated governance structure. At the same time, co-founder Vitalik Buterin revealed that the foundation is cutting its budget by approximately 40%, transitioning to a long-term capital management model.